Trump Says He's Unconcerned About Apple's China Sales Warning

Sales in China, which The Wall Street Journalsays account for nearly 20 percent of global sales, have dropped amid President Donald Trump's trade war with Beijing.

A total of $75 billion was wiped off the value of the technology group, which was the biggest company in the world and the first trillion-dollar group until November.

Apple Inc shares tumbled as much as 10 percent on Thursday after the iPhone maker blamed weak China demand for its revenue shortfall in the holiday quarter, a clear sign of the company's struggles in the world's largest smartphone market.

"The iPhone has been supporting the company for than a decade", said Roger Kay, analyst at Endpoint Technologies Associates.

Apple is the latest company grappling with increasing Chinese consumer anxiety. The price-earnings ratio of the Nasdaq 100 Index hit a four-year low below 20 last month, and Apple itself traded close to 12 times annual profit, more than three percentage points below the mean for the Dow Jones Industrial Average.

Jerry Zigmont, owner of MacWorks, a New Haven, Conn. -based Apple consultancy, told CRN on Thursday that he hopes the troubles in Apple's business will be a "wake-up call for them".

China still is one of the fastest-growing economies, with 2018's expansion forecast at about 6.5 percent. Furthermore, Cook conceded that the revenue from iPhone saleswas lower than anticipated.

Any new product offering from Apple is unlikely to be revealed before September, when the company traditionally unveils its new iPhones. On Thursday it was also announced that Apple is likely to remove some iPhones from stores in Germany, as Qualcomm moves to enforce an earlier court order banning the sale of some iPhone models in the country.

"Some investors will consider the stock broken. but we've followed the company long enough to know there is cyclicality in the market's relationship with Apple".

Apple and other tech stocks managed to gain back some momentum on January 4.

Some analysts said Apple erred in boosting the price of its new iPhones to well over $1,000 in a global smartphone market that is largely saturated and facing tougher competition. Tech analysts say local brands like Huawei and Oppo have been closing the gap with Apple in terms of performance and design even while Cupertino continues to raise its prices.

The Dow Jones Industrial Average tumbled more than 660 points as Apple stock dropped almost 10 percent - the biggest single day decline for the company since 2013 - just one day after it slashed its revenue forecast.

"The question now is will Apple change its strategy or stick to its hubris", Ives said. While macroeconomic challenges in some markets were a key contributor to this trend, we believe there are other factors broadly impacting our iPhone performance, including consumers adapting to a world with fewer carrier subsidies, United States dollar strength-related price increases, and some customers taking advantage of significantly reduced pricing for iPhone battery replacements.

Related news

Taiwanese President Tsai Ing-wen delivers a speech during a New Year's day press conference in Taipei , Taiwan, Jan. 1, 2019. Chiang only relaxed that in 1987, allowing people in Taiwan to visit China for family reunions.

It noted that both Syria and Egypt aim to reactivate the Syrian-Egyptian relations first and the Arab relations in general. The UAE and Saudi Arabia are leading regional efforts to counter what they see as Iran's growing influence in the region.

Romney doesn't take the oath of office until Thursday, but he dominated much of the conversation online and on cable news. In 2015, Romney rebuked the racist comments about Mexican immigrants Trump made when launching his presidential campaign.

Bird Box proved to be one of the most popular movies of 2018 and it was certainly one of the most talked about. As you'd expect, wearing a blindfold while walking down the street or through the woods can be problematic.

Ravindra Jadeja also returned with excellent figures of 3/82 while Ishant and Mohammed Shami chipped in with two wickets each. So regardless of it being the last Test match, he will be willing to push himself and start for the team.

The US-led coalition launched its first raids against IS in September, 2014, more than two years before Trump won the US election. Following the announcement that US Troops would be pulled out of Syria, Turkey planned a military operation against pro-US Kurds.

At The Baltimore Sun , for example, the usual comics and puzzles were not included in Saturday's print edition, the paper tweeted. A Tribune Publishing spokesperson didn't confirm the ransomware infection, but did say the incident was caused by "malware".

Samsung Galaxy A50 to house a 4,000mAh battery
Additionally, the Samsung Galaxy A50 will support more than one rear camera, and the primary one will have a 24MP sensor. The release of the smartphone is expected in March, and their announcement is scheduled for 20 February of the new year.

Tokyo: minivan hits pedestrians gathered for New Year
It was not immediately clear whether he was referring to a specific execution or Japan's system of capital punishment. Police inspect a auto whose driver rammed his vehicle into crowds on Takeshita street in Tokyo early January 1, 2019.

Meghan Markle's due date may be sooner than expected
Meghan Markle reportedly revealed details about when she will give birth to her first child with Prince Harry . Doria was photographed by paparazzi in the United States as she exited her home to collect her post.